The Philippines’ goods trade with the rest of the world grew faster in February, ahead of the conflict in the Middle East posing a threat to the country’s exports. The latest preliminary Philippine Statistics Authority (PSA) data on Friday, March 27, showed that total external trade rose 10.7...
Chinese imports to the Philippines and Philippine exports to the United States (US) surged in the first quarter, amid escalating trade tensions between Washington and Beijing that threaten to disrupt the global economy. The latest preliminary Philippine Statistics Authority (PSA) data on Wednesday,...
The country’s trade deficit widened by 36.8 percent to $5.8 billion in October this year compared to the previous year, driven by a surge in imports and a decline in exports. Data from the Philippine Statistics Authority (PSA) showed that the country's total external trade in goods reached $18.13...
The country’s trade deficit narrowed in August as imports grew at a slower pace than exports, the Philippine Statistics Authority (PSA) reported. Data from the PSA showed that the trade balance—the difference between exports and imports—fell to a 6.6-percent deficit of $4.38 billion, from an...
The country's trade gap ballooned in July as imports rebounded sharply from the previous month's decline, while export growth remained sluggish. Data from the Philippine Statistics Authority (PSA) showed that the trade balance, or the difference between exports and imports, surged 18 percent to...
The trade deficit in agricultural goods expanded in the second quarter, driven by higher imports than exports, the Philippine Statistics Authority (PSA) reported. Agricultural trade deficit grew by 13.8 percent to $3.074 billion from April to June 2024, compared to $2.702 billion in the same period...
The Philippine Statistics Authority (PSA) reported that the country’s trade deficit widened in June this year as exports declined faster than imports. The balance of trade in goods in the country recorded a deficit of $4.3 billion in June, higher by 9.3 percent than the $3.9 billion deficit in...
The country’s trade deficit widened in May after a measly decline in imports and exports, data from the Philippine Statistics Authority (PSA) showed Wednesday, July 10. The trade deficit, or the difference between the value of exports and imports, reached $4.60 billion in the fifth month of 2024,...
A surge in imports led to the country’s trade deficit reaching its highest level since November last year, preliminary data from the Philippine Statistics Authority (PSA) showed. Based on the PSA report released on Tuesday, June 11, the gap in the trade balance, or the difference between the...
The country’s trade deficit narrowed in March this year as both exports and imports contracted, data from the Philippine Statistics Authority showed. The gap in the trade balance, which is the difference between the value of export and import, reached $3.18 billion in March, down by 36.6 percent...
The country’s trade deficit improved in February this year, driven by a strong increase in exports outpacing the growth in imports, data from the Philippine Statistics Authority (PSA) showed. The balance of trade in goods, representing the difference between export and import values, recorded a...
The collapse of a major bridge in Baltimore, United States may lead to an increase in import prices for the Philippines, an economist warned. Rizal Commercial Banking Corp. (RCBC) Chief Economist Michael L. Ricafort said that the port congestion triggered by the bridge collapse in the US could...
